On the completion of one year of the rolling out of the GST plan, the government celebrated GST Day today at the Ambedkar International Centre to mark the first anniversary of the launch of the new indirect taxation regime. Terming GST as a "fitting tribute to spirit of cooperative federalism", the Finance Ministry had yesterday said the first year has been remarkable both for the sheer variety of challenges that its implementation had thrown up and for the willingness and ability of policy makers and tax administrators to rise up to these challenges and respond befittingly. PM Modi and other Union ministers congratulated the nation on the occasion.
Here are the live updates of GST Day celebrations:
"I am confident that the best implementation of GST is yet to come": Arun Jaitley
"Total tax base itself has increased significantly. These are the changes taking place on account of GST implementation. As tax collection goes up, capacity to rationalize rates will increase. I have no doubt in mind that the total basket of taxes, last 4 years have shown 1.5% increase. I was in Singapore last year, and they asked me why we have multiple slabs. I said, you are a city state. We can't afford to tax food like you. Therefore we have to keep vulnerable out of the tax system," Arun Jaitley said.
"Despite challenges, we had a direct tax increase of 18% last year. First quarter of this year shows personal income tax collection has increased 45%. Remarkable changes taking place with GST," Mr Jaitley said.
"We had 27 meeting of council so far. It has become role model of governance. It is India's first federal decision making body and I made sure that all decisions were with a consensus": Arun Jaitley
"No reform of this magnitude is possible if the head of country is not with you. We had support of the PM," Mr Jaitley said.
"Today marks 1st anniversary of monumental economic reform. We had complicated, clumsy tax systems. Each state required a separate return. India had a fragmented market and it needed this system," Aryn Jaitley said.
"All of us here have helped us in making GST possible. It will have a positive impact in coming years and is an example of collaborative federalism," says Piyush Goyal.
Earlier people were unaware of the tax rates and cess. GST has changed that. Now they know what they are paying at different stages: Piyush Goyal
Arun Jaitley addresses media on GST
GST has brought India closer to the dream of 'Housing for all': Pon Radhakrishnan
World has hailed GST's positive impact on Indian economy: Amit Shah
"Congratulations on one year of GST - a historic tax reform": Amit Shah Suresh Prabhu hails GST on Twitter
GST truly a people's tax, says Dharmendra Pradhan
Piyush Goyal congratulates nation on GST Day
GST was launched on the midnight on June 30 last year by Prime Minister Narendra Modi and the then President Pranab Mukherjee. It was aimed at bringing all taxes into a single window along the lines of the 'One Nation - One Tax - One Market' goal.
Union Minister for Railways, Coal, Finance and Corporate Affairs Piyush Goyal to preside over as the Chief Guest of the event and Minister of State for Finance, Shri Shiv Pratap Shukla to be the Guest of Honour.
Central Excise Office organises a special run on GST Day
PM Modi congratulates people on GST Day
Finance Ministry also took to Twitter to congratulate people
"GST has brought transparency": PM Modi
GST Helpline Number For Consumers Soon
Union Minister Piyush Goyal has said that a telephone helpline number will be started soon, where consumers can report against those traders who evade tax by not issuing purchase bill.
On completion of 1st Year of implementation of the historic Indirect Tax Reform of GST, the Union Minister of Railways,Coal,Finance & Corporate Affairs,Shri @PiyushGoyal thanked everybody including States/UTs Govts, business community especially small traders & political parties.